HMRC Admin 25
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RE: Bank Details for Tax Refund
Hi Jh964,
Once shown as issued a PAYE refund can take 3-5 working days to arrive in your account.
If it is a Self Assessment refund then from the issue date it can take 5-10 working days.
If you have still not received the repayment you will need to contact HMRC to review:
Contact HMRC
Thank you. -
RE:Capital loss offset other incomes
Hi TC_UK,
Capital gains losses, cannot be set against income arising in the tax year, except where they arise from unlisted shares and securities, in certain circumstances.
See box 41 of SA106 notes form more information.
Capital Gains Tax summary notes
In general, capital gains losses can only be carried forward and set against a future capital gain.
Thank you,
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RE: Capital gain matching rule on future contract
Hi Alex Pun,
Share identification rules are intended to apply to all fungible assets, such as shares, securities & foreign currency.
CG50220 refers.
CG50220 - Definitions: meaning of ‘security’ and ‘securities’
This also applies to future contracts as well.
Thank you.
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RE: Working abroad as Ltd
Hi Silvia Mariana Lungu,
You will need to check this from a USA perspective and also take the UK statutory residence tests your you as an individual.
Gudance can be found here:
RDR3 Statutory Residence Test
Tax on foreign income
The UK Ltd company will continue to be taxable in the UK.
Thank you.
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I don’t know if I need to fill out a tax return form
Hi yanyan,
If your term deposit interest is overseas income, then yes, you meet the criteria for completing a Self Assessment tax return.
Thank you,
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RE:Claiming basic rate tax relief on self-assessment
Hi sb3502,
To confirm you are correct.
Thank you.
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RE:UK to Malaysia Personal Tax
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RE:R43 Emergency Tax Rebate To IBAN In Netherlands?
Hi username150,
HMRC cannot make a payment to a foreign bank account.
You can nominate someone in the UK to receive the payment for you.
Thank you. -
RE:Investments made in India
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RE:Voluntary charity Expense Costs
Hi Mark Ross,
Tax relief cannot be claimed on expenses for voluntary work and the travel expenses are not seen as a donation to claim gift aid. further guidance is at:
Volunteer opportunities, rights and expenses
Thank you.